25061 Road 38.1

Dolores, CO 81323

About this property

How would you like to live in the cool summer mountains, right on the river, in a brand new luxury home, and have over $180K of VRBO income per year? (See Income Projections in MLS Documents) The Forks Retreat is a RARE residential income-generating opportunity. This 1.06-acre property is located between Dolores and Rico, just a 1-hour drive to Telluride, and has full COMMERCIAL zoning. The Commercial zoning protects the VRBO income from being be taken away in the future, as is currently happening all across the country. This property is permitted for a wide variety of commercial uses - a motel/lodge, a retreat center, a rehab center, corporate offices, personal services, a residential private school, a health center, a mountain biking club, a Telluride ski lodge, employee housing, etc. Please look in MLS Documents for a full list of permitted commercial uses allowed per Montezuma Land Use Code. Three brand new buildings have been constructed with sturdy detailing for investment longevity. Green building features include super-insulated buildings for low heating costs, while zero-maintenance high-end exterior materials preserve your outdoor time for recreation. There are two electric vehicle charging stations located inside the heated garage plus another exterior charging station, and 8000sf of reclaimed blue-pine beetle-kill T&G ceilings. A 1-year Builders Warranty is included. See MLS Docs for a full list of Green Bldg features. There is a 2600 Sq Ft luxury Single Family Home (2 bedrooms, 2 bathrooms, plus a HUGE 950 Sq Ft bonus loft with full-sized bath upstairs) with attached 900 Sq Ft 2-car garage; plus a 1500 Sq Ft Guest Lodge with five (5) one-bedroom units, each with a private bathroom, living room and kitchenette; plus a 1200sf Guest House with two bedrooms, a kitchen, bathroom, and laundry. High-end finishes throughout including black granite countertops and radiant-heat stained concrete floors, large outdoor covered decks with rough-sawn post and beams, etc. All window coverings included, and the well water has tested crystal clean! The land is lush-green and flat while being surrounded by tree-covered mountains, with 5 RV hookups and plenty of parking, and the buildings are positioned to form a large central lawn for group gatherings and outdoor activities. BEST OF ALL - the property is just a short walk to the junction of the Dolores and West Dolores Rivers! It is immediately adjacent to US Forest Service land which affords direct in-perpetuity access to and fishing rights on the West Dolo

Date Added
September 30, 2019
Listing Status
Active
Days On Site
69
MLS#
763509

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
Commercial
Style
Mixed Use
Sub-Type
Resale
Year
2019
Garage
0
Pool
No
Story(s)
2
Property View
No
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$1,487,000 Active
0 Beds
0 Baths
6,300 SQFT

Presented By Coldwell Banker Distinctive Properties, Telluride

Get in touch today! Phone: (970) 728-4454
Brokerage
Telluride
(970) 728-4454
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Area Information

Montezuma County Rural NE | Montezuma County |

$ 1,487,000
This listing is play_arrow 832.3% higher than the average in the area
$ 159,500 in the area
6,300 SqFt
This listing is play_arrow 1045.5% larger than the average in the area
550 SqFt in the area
$ 236 $/SqFt
This listing is play_arrow 224.5% more than the average in the area
$ 73 $/SqFt in the area
69 days on site
This listing is play_arrow 89.7% below the average in the area
671 days on site in the area

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